China Suntien Green Energy plans to offer up to RMB 3 billion of bonds

By Marisa Wong

Madison, Wis., July 8 - China Suntien Green Energy Corp. Ltd. said it plans to issue up to RMB 1 billion of short-term debentures and up to RMB 2 billion of corporate bonds in China.

The debentures are to be issued in one or more tranches within two years of registration with the National Association of Financial Market Institutional Investors and will have a maturity of one year or less.

The corporate bonds will also be issued in one or more tranches and will have maturities of 10 years or less. The bonds must be issued within 12 months of obtaining shareholder approval.

The corporate bonds will be guaranteed by Hebei Construction & Investment Group Co., Ltd.

Proceeds will be used to adjust the company's debt structure and for working capital.

The offerings are subject to shareholder approval at a meeting scheduled for Aug. 26.

The wind power and natural gas company is based in Hebei Province, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.